When I was a young boy, nose level to a grasshopper's knees, we used to play this game called tetherball. If you've ever seen a ball with a nose ring attached to one end of a rope and the other end of the rope tied to a suspicious-looking pole in places where poles aren't supposed to be, then you've encountered a tetherball.
So what does tetherball have to do with today's post on #crypto?
Absolutely nothing. Unless, of course, you consider dropping your ball (poor boy, only one? Well, congratulations on hitting puberty!), then you can keep the tether and we'll play the fast money round.
In other words, Tether is the name of a #cryptocurrency, which I think you already knew, but I felt obliged to enlighten you anyway. To cut right to the chase, Tether has been up to no good, and in just a few short sentences, you'll discover that for yourself. Meanwhile, don't bite the nipple that feeds you.
Image taken from Pixabay
Crypto News
As you know, #Tether has been a bad boy. Actually, I'm not sure we can blame this on Tether. You know how an unruly child goes unpunished? Would you blame that on the child or the parent? As the case would have it, a study by the University of Texas indicates that Tether was used last year to manipulate the price of Bitcoin. I'm fairly certain Tether didn't act alone.
A name like "Swarm" makes you think buzzkill, does it not? At least, that's my first thought. "Look, Ma! There's a swarm of honeybees about to siphon your nipple!"
Well, as fun as that sounds, crypto heavy weights #Coinbase and Ripple aren't donning their hair nets. There's a startup calling itself Swarm that is tokenizing shares of the two companies and Coinbase has already sent a cease-and-desist letter. Ripple is just calling the little buzzer dirty names.
Speaking of Nipple--Oh, my bad! That's an 'R'.--the company that rolled out the coin intended for banks says banks won't be adopting distributed ledger technology for transactions any time soon. Uhm, but your CEO is one of the richest people in crypto, yah?!
Some news just makes you guffaw.
From Pixabay.
Thomson Reuters has a cool idea. Stick a thermometer into people's hearts so you can analyze their emotions while trading the top 100 cryptocurrencies. You find out some really interesting things that way.
It seems that all #Binance has to do these days is pass gas and tokens rise in value. That's precisely what happened in the case of Icon, which, of course, is no icon. One announcement about the #ICON mainnet token swap and the price goes up like a heat rash. Roll the window down, please!
GMO Internet, as the name might imply, does not deal with genetically modified organisms, digital or otherwise. But they do have a crypto exchange and have recently listed 4 major altcoins.
A little further south, in India, they've banned cryptocurrencies, but the central bank has admitted they never researched them. Sounds like the old lady at church, but don't tell her I said that.
Crypto Analysis
There isn't much that is easy in this world, but #Forbes has one thing they've tried to make easy. If you find understanding support and resistance levels of Bitcoin and other crypto hard, then you know it's like frying mashed potatoes on the ashes from yesterday's firepit. Okay, I took the long road on that one. Any rate, here's your tutorial.
#Litecoin and #Dash got into a little dance. She did the rhumba, he did the can-can, only in this case, it was the can't-can't. Litecoin fell below $100, but Dash (poor sapsucker) hit a 1-year low. It sucks falling off the wagon.
The Motley Fool has 1.1 billion reasons why you should avoid crypto investing, but if you ask me, these are silly reasons. Don't be anybody's fool, man.
#Entrepreneur looks into the future and makes 3 predictions about the crypto market. One of them was about some pig having roast beef.
If you've ever thought to yourself that diversifying your crypto portfolio was harder than pouring molasses on a steel plate, the market trends have the reason why.
Oxford University put on its loafers and opened its classrooms on the blockchain. Now all the students are wearing oxfords, but they're in their underwear. Ooh, good thing they're saving on tuition.
In China, crypto investors are excited about the thousands of new token funds they believe will usher in a new bull market. I hope they're right. The alternative's a bear.
So these are the best crypto reads today, ladies and gentlemen. I've taken no money, accepted no gifts, and received no kisses on the cheek for mentioning the companies in this post. Rather, I'm the humble #editor at Blockchain Times, and you can see many more news stories like this in today's daily digest.
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